Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 15/06/2026
Case Overview
This proceeding involves an insolvency petition filed by Central Bank of India (Applicant) against Cure Life Care Pvt Ltd (Respondent) under Section 7 of the Insolvency and Bankruptcy Code (IBC). The case is registered as CP(IB) 388 of 2018. The tribunal was addressing two interlocutory applications: IA/627(AHM)2023 and IA/1008(AHM)2023. The bench comprised Mr. Shammi Khan (Hon'ble Member Judicial) and Mr. Sanjeev Sharma (Hon'ble Member Technical).
Final Outcome
The NCLT listed the matter for final arguments on 07/07/2026. The order noted that in compliance with the court's previous order dated 17/04/2026, the Applicant (Central Bank of India) had filed revised written submissions on 04/05/2026 (vide Inward Diary No. D-3821). Respondents 1 & 2 (Cure Life Care Pvt Ltd and another) stated they had filed revised written submissions through electronic mode and undertook to submit physical copies during the course of the day. The counsel for Respondent 3 submitted that there was no need to file any revised written submissions.
Topics: Insolvency Proceeding, Banking Litigation, NCLT Hearing